Avantor Inc
For the period ended Dec 31, 2024. Filed Feb 7, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 7, 2025
AVTR$15.57-2.1%Stored close · as of Nov 10, 2026
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Consolidated statements of cash flows F-
Consolidated statements of cash flows
| (in millions) | Year ended December 31, | ||
|---|---|---|---|
| 2024 · 2023 · 2022 | |||
| Cash flows from operating activities: | |||
| Net income | $711.5 | $321.1 | $686.5 |
| Reconciling adjustments: | |||
| Depreciation and amortization | 405.5 | 402.3 | 405.5 |
| Impairment charges | — | 160.8 | — |
| Gain on sale of business | (446.6) | — | — |
| Stock-based compensation expense | 46.8 | 40.5 | 45.8 |
| Non-cash restructuring charges (see note 12) | 16.9 | — | — |
| Provision for accounts receivable and inventory | 75.1 | 84.5 | 65.0 |
| Deferred income tax benefit | (46.9) | (172.4) | (69.1) |
| Amortization of deferred financing costs | 11.2 | 13.0 | 15.7 |
| Loss on extinguishment of debt | 10.9 | 6.9 | 12.5 |
| Foreign currency remeasurement (gain) loss | (0.3) | (2.6) | 10.0 |
| Pension termination charges | 9.3 | — | — |
| Changes in assets and liabilities: | |||
| Accounts receivable | 45.9 | 77.0 | (45.2) |
| Inventory | (18.5) | 30.3 | (112.5) |
| Accounts payable | 59.6 | (139.6) | 15.6 |
| Accrued interest | (1.6) | 0.3 | 0.1 |
| Other assets and liabilities | (37.7) | 48.6 | (179.3) |
| Other | (0.3) | (0.7) | (7.0) |
| Net cash provided by operating activities | 840.8 | 870.0 | 843.6 |
| Cash flows from investing activities: | |||
| Capital expenditures | (148.8) | (146.4) | (133.4) |
| Cash paid for acquisitions, net of cash acquired | — | — | (20.2) |
| Cash proceeds from settlement of cross currency swap | — | — | 42.5 |
| Proceeds from sale of disposal group, net of cash sold | 585.2 | — | — |
| Other | 2.5 | 2.7 | 1.5 |
| Net cash provided by (used in) investing activities | $438.9 | $(143.7) | $(109.6) |
Consolidated statements of cash flows (continued)
| (in millions) | Year ended December 31, | ||
|---|---|---|---|
| 2024 · 2023 · 2022 | |||
| Cash flows from financing activities: | |||
| Debt borrowings | $— | $— | $327.2 |
| Debt repayments | (1,341.8) | (846.0) | (947.0) |
| Payments of debt refinancing fees and premiums | — | (2.3) | (0.6) |
| Payments of dividends on preferred stock | — | — | (32.4) |
| Proceeds received from exercise of stock options | 69.2 | 18.3 | 17.3 |
| Shares repurchased to satisfy employee tax obligations for vested stock-based awards | (8.6) | (13.7) | (13.2) |
| Net cash used in financing activities | (1,281.2) | (843.7) | (648.7) |
| Effect of currency rate changes on cash and cash equivalents | (21.5) | 8.2 | (15.5) |
| Net change in cash, cash equivalents and restricted cash | (23.0) | (109.2) | 69.8 |
| Cash, cash equivalents and restricted cash, beginning of year | 287.7 | 396.9 | 327.1 |
| Cash, cash equivalents and restricted cash, end of year | $264.7 | $287.7 | $396.9 |
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